Dietzenbacher , E. – Hoekstra , R. ( 2002 ): The RAS Structural Decomposition Approach . In: Hewings , G. J. D. – Sonis , M. – Boyce , D. (eds): Trade, Networks and Hierarchies. Modelling, Regional and Interregional Economies . Springer , pp
This study examines the causes of the rather dissimilar development of individual EU economies after the 2008/09 crisis. The initial elemental analysis of contributions to GDP growth is followed by a growth accounting exercise, with decomposition into the effects of movements in total factor productivity, capital stock, and several labour market indicators. The subsequent section then seeks to clarify to what extent this development was driven by changes in cyclical conditions and the potential product.
I seek to investigate the relationship, if exits, between foreign bank penetration (FBP) and the determinants of bank performance, namely domestic bank assets (DB), domestic credit (CREDIT), and banking profitability (PRO) in Turkey using quarterly data from 1994Q1 to 2009Q4, while controlling for GDP and the event of the 2001 financial crisis. Using the Granger causality, impulse response function and variance decomposition, the short run dynamics are examined. The outcome of the Granger causality test indicates that there is unilateral causality, which runs from domestic bank assets to FBP at the 10% level. Moreover, I also find feedback causality between FBP and CREDIT at the 5% level. By employing impulse response functions, my findings reveal that rising foreign bank assets in Turkey tend to increase domestic bank assets and credit availability in short run, and vice versa. Surprisingly, no significant impact of FBP on profitability in the banking sector is observed.
The paper analyses the impact of the factors of production on economic growth in Poland in the years 1992–2012, with particular focus on the impact of foreign direct investment (FDI), and strives to verify whether a causality relationship occurred between GDP and FDI, i.e. whether high GDP dynamics attracted FDI inflows and whether this investment contributed to GDP growth. The Vector Error Correction Method impulse responses and variance decomposition analysis confirmed the bi-directional relationships between FDI and GDP in Poland. However, the impact of GDP on attracting FDI inflows to Poland is stronger than that of FDI on GDP growth. Polish developmental policy should concentrate on three essential determinants (pillars) of growth, namely employment growth, attracting FDI (with emphasis on improvement in the type of inflowing investment), and increasing the value and productivity of domestic investment.